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Stock could be forming a cup & handle pattern in the monthly time frame with the lower leg of the handle coming to an end.
2000 is an extremely important level for the stock in the short term, while it has loads of resistance between 2300-2800 on the upside as it attempts to complete the handle.
Overall weakness continues below 2000, else one could expect stock to rise steadily towards completion of the bullish pattern
Stock could be forming a cup & handle pattern in the monthly time frame with the lower leg of the handle coming to an end.
2000 is an extremely important level for the stock in the short term, while it has loads of resistance between 2300-2800 on the upside as it attempts to complete the handle.
Overall weakness continues below 2000, else one could expect stock to rise steadily towards completion of the bullish pattern
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.